Best Online lotteries in Sweden 2022

Sweden is located in the northern part of Europe, covering an area of approximately 450,000 square kilometers with a population of over 10 million people. Punters form a good percentage of the population, some of whom actively play lotteries.

The ever-growing number of people who participate in lotto games regularly proves the popularity of online lotteries. Statistically, Swedish punters spend over 22 billion SEK annually on gambling.

Best Online lotteries in Sweden 2022
Online Lotteries in Sweden 2022
Online Lotteries in Sweden 2022

Online Lotteries in Sweden 2022

One of the main contributing factors to the increasing popularity of lotteries is online lottery games. Thanks to the digital revolution, more and more Swedish punters can access lotteries at any time and from anywhere.

The number of lotteries based in the country is limited, primarily due to licensing and other regulation features. However, punters have almost unlimited options in the online gambling world because they can access even offshore-based online lotteries.

Another top contributing factor to the increasing popularity of lotteries in Sweden is their lucrative jackpots. Jackpot amounts are approaching record highs for most lotteries. Notably, ticket prices are particularly low.

The relatively low initial investment and the possible jackpot win make online lotteries particularly attractive to most people. Better yet, the excitement that accompanies lottery draws and the anticipation of bagging the Jackpot price makes lotteries an irresistible attraction.

Online Lotteries in Sweden 2022
History of lotteries in Sweden

History of lotteries in Sweden

Sweden has a long history of gambling. Historical gambling records in the country go as far back as centuries ago. However, formal, organized gambling came about in the 1900s. In 1934, the Swedish government took over all gambling operations and monopolized the industry.

This saw the government regulate all gambling activities for decades. The regulation of all gambling activities was undoubtedly better than making gambling illegal in the country, as it contributed quite a lot to government revenue.

Two state organizations were responsible for running the gambling industry during that time. The first one was AB Tipstjanst, established in 1934 to handle sports betting activities. Four years later, the second organization, Pennignlotteriet, was established in 1938.

Pennignlotteriet governed the national lottery. And in 1994, the two organizations merged, forming Svenska Spel. The newly formed organization enjoyed a gambling monopoly for about two decades until 2018.

History of lotteries in Sweden
Modern history

Modern history

Land-based gambling in Sweden was legalized in 1994. This move influenced the merging of the two leading gambling providers in the country. There were no particular legal provisions about the online casino industry at the time.

However, it was until 2002 that the government legalized online gambling. Svenska Spel was still responsible for running the gaming websites. In 2014, the European Union filed a lawsuit that was aimed at opening the Sweden gambling market to private and foreign gambling operators. The suit was successful.

The monopoly lasted until 2018 when the government passed the Gambling Act of 2018, which opened the industry to private investors. New gambling laws also made it easy for punters to venture into the gambling world by playing offshore lotteries and other casino games.

However, the state still had to control and regulate gambling in the interest of its citizens. For that, the government introduced the Swedish Gambling Authority, which was responsible for overseeing all the gambling activities in the country.

Significant changes in the gambling industry in Sweden

The first significant change in the gambling industry came about in 1934 when the government took over all gambling activities. Before that, gambling operators were allowed to operate freely as long as they did not interfere with any other existing laws.

From that time, nothing changed much until online gambling became legal in 2002. That marked the highest growth in the gaming industry. By the beginning of the new millennium, the revenue generated from online gambling, including lotteries, had significantly surpassed that generated from land-based casinos.

In 2018, a new Gambling Act was passed into law. The Act opened up the gambling market to all private operators, including foreign ones.

Modern history
Future of lottery in Sweden

Future of lottery in Sweden

Judging from how rapidly the popularity of lotteries has grown in the country over the last decade, chances are that lotteries will continue to be a big thing in the gambling world. The operators who offer lotteries continue to market and improve the lottery features, which attract more punters.

Technological advancements will also play a significant role in ensuring that lotteries thrive in Sweden. For example, the internet is now a big thing, with over 90% of the population in Sweden accessing reliable internet connections. That means increased access to the best online lottery games.

The Swedish government is also collecting more revenue from the industry than ever before. The supportive gambling laws play a significant role in the increased revenues. That will most likely translate to further industry growth, albeit with increased regulations to help protect the citizens from gambling addiction and other adverse effects.

Future of lottery in Sweden
Swedish players' favorite lottery games

Swedish players' favorite lottery games

Eurojackpot

A good percentage of Swedish lottery punters prefer playing the Eurojackpot lottery online. This lottery has been around since 2012, allowing punters from 18 European countries to participate. One of the top reasons Eurojackpot is regarded as one of the best lottery sites is its frequent payouts. The lottery holds its draws only once per week, which helps grow the jackpots to huge amounts.

Postkodslotteriet

Postkodslotteriet is one of the best online lottery site among Swedish punters, established back in 2007. The lottery has a unique format as one of its most attractive features, allowing punters to win money for themselves and their neighbors. It is also keen on funding non-profit organizations in the country. To date, the lottery has gathered more than Є117 million for the non-profit sector.

Vikinglotto

Vikinglotto was established back in 1993. It currently allows punters from nine European countries to participate in the lottery. Among the top reasons for its popularity is the cheap ticket prices, which can go as low as €0.8.

Powerball

Powerball is another favorite lottery of many Swedish punters. It is ranked the most famous lottery globally. Powerball held its first draw in 1992, with its first jackpot being approximately €1.7 million. It has the record for the highest jackpot ever to be won in a lottery.

Miljonlotteriet

Miljonlotteriet, ranked the second-best online lottery in Sweden, is one of the oldest. It was founded in 1964 as a way of funding non-profit organizations. Miljonlotteriet tickets sales were constant for decades, but they have increased rapidly over the last ten years.

Swedish players' favorite lottery games
Lottery Payment Methods in Sweden

Lottery Payment Methods in Sweden

Direct bank transfers

According to various research, more than 35% of Swedish people prefer making online payments using direct bank transfers. That is primarily because of the high-security levels that bank transfers offer. The transaction fees for direct bank transfers are also relatively low, especially when transferring high amounts.

Debit and Credit Cards

Many punters also prefer making payments using debit or credit cards. That is because of how easy and convenient the payment process is, as users only need to enter the card information to make the payments.

Most Swedish adults already have at least one credit or debit card. Many different Swedish banks offer the payment cards, such as Nordea Bank, Swedbank, and Ikano Bank, and are mostly based on Mastercard and Visa.

Mobile payments

Mobile payments are also quite common among Swedish punters. They mostly use a mobile app called Swish to make online transactions. A user must have BankID connected to the user’s social security number through a bank to use the app. That means users must be account holders in Swedish banks.

E-Wallets

E-wallets are also quite common among Swedish punters because of the fast transaction processing times and ease of transactions. Some of the popular e-wallets in the country are Sofort, WeChat Pay, Multibanco, and EPS.

Lottery Payment Methods in Sweden
FAQs

FAQs

Is online gambling legal in Sweden?

Online gambling is currently legal in the country. That includes playing lotteries, betting on sports, and playing casino games. However, punters must be older than 18 years to gamble legally.

Is online gambling regulated in Sweden?

Yes. The Swedish Gambling Authority regulates online gambling in the country. The regulations are mainly meant to enforce responsible gambling and protect punters. Lottery and online gambling service providers must be approved by the Swedish Gambling Authority and obtain relevant licenses.

What are the tax rates for gambling in Sweden?

Operators who have valid licenses pay 18% of all the profits made as tax. However, the tax is exempted for gambling activities organized for non-profit purposes. Players who win on unlicensed offshore sites also have to pay tax on the profit they make.

What are the popular types of lotteries in Sweden?

The most popular types of lotteries are raffles and traditional-style lotteries. In raffle lotteries, the chances or tickets are sold and offer players chances to win defined prizes for each winning ticket. The traditional lottery follows a scheme that distributes prizes by chance or lot.

Are online lotteries fair?

Online lotteries are generally fair because they rely purely on luck and are conducted transparently. That is particularly true for legitimate and licensed lotteries. However, the odds of winning are usually rather low.

FAQs